| Latest Forum Topics / POSH |
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POSH breaking out?
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Starship
Supreme |
03-Apr-2019 09:10
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Yet another Clown Stock in SGX Circus Maximus.............. ![]() Notice of 3 Consecutive Years' Losses Date & Time of Broadcast 03-Apr-2019 06:59:20 PACC OFFSHORE SERVICES HOLDINGS LTD. hereby gives notice that: (i) it has recorded pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts) and (ii) its latest 6-month average daily market capitalisation as at (a) is (b) a) Date 01/04/2019 b) Latest 6-month average daily market capitalisation S$360.66 million The Company wishes to draw investors' attention to Rule 1311(1) of the Listing Manual which states that the Exchange will place an issuer on a watch-list if it records: pre-tax losses for the three (3) most recently completed consecutive financial years (based on audited full year consolidated accounts) and an average daily market capitalisation of less than S$40 million over the last 6 months. Investors should also note that pursuant to Practice Note 13.2 Paragraph 2.1, the Exchange conducts quarterly reviews to identify issuers to be included on the watch-list. The quarterly review will take place on the first market day of March, June, September and December of each year. The Company will make an immediate announcement should it be notified by the Exchange that it will be placed on the watch-list. https://links.sgx.com/1.0.0/corporate-announcements/P9UDMS5YWST0YIW8/9e4b9b8fe6bcf9de906150a2038ca4a6e28fc87df17752e895ef7054bdcc621d |
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Qanghoo
Supreme |
07-Dec-2018 20:16
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To be fair, POSH' s listing happened just before the oil crash n the px of 1.15 was probably defendable.  The future seems bleak for coys like POSH now with shale the new disruptor n oil probably won' t revisit 100 USD anytime soon.  But I believe coys like POSH will remain relevant even with the new landscape provided they are able to reinvent themselves to meeting the  evolving needs n costs (perhaps more appropriately cost consciousness) brought abt by the shale revolution.  For POSH, until it does, there' s every possibility for share px to tank even further before any meaningful recovery.  So, yes, exiting first may be a wiser move for now. 
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lukewong82
Master |
07-Dec-2018 19:13
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Ya.. another example where the share price keep sinking until 20+ cents, then below 10 cents.. now trading at 8 cents ==> NAM CHEONG I think getting back 18 cents now instead of regretting later may be a wise thing to do
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lukewong82
Master |
07-Dec-2018 19:11
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3 years ago, I bought Pacific Radiance at 73 cents. Then oil price starts to drop at the start of the oil price crash. Things are looking bad. I cut at around 71+ cents. Incurred a small loss but i could sleep better at night. As I see Pacific Radiance slowly going South , I think many shareholders would be reluctant to cut loss. Even at 20+ , 30+ cents, there were still ppl who still harbour hope of the share price rebounding back above $1. The share price continues to sink until less than 10 cents and end up suspended with losses piling up after suspension. Even if trading resume after massive dilution, I suspect will only trade for a few cents. What I see in POSH now is what was happening to Pacific Radiance.  At 18 cents now, U still can sell and savage something. It may end up like Pacific Radiance. Just providing what I gone through, 18 cents is better than 0 cent.. that' s how i feel.
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tonylim2
Veteran |
07-Dec-2018 16:40
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They really suck the retail investors bloods dry .
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NextEvolution
Elite |
07-Dec-2018 16:29
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PACC major shareholder Kuok Group's listed at the right time pocketing handsome money from IPO whereas most other shareholders suffered.
And in April 2018, Kuok's indirect subsidiary MBC sold off it's entire stake of around 21% leaving Kuok Singapore the only major shareholder |
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investshare
Supreme |
07-Dec-2018 16:18
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0.15 can buy?
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serious
Master |
07-Dec-2018 15:56
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OSV vessels not commanding good chartering rates , go for liftboats chartering company , like EZION . | ||||
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investshare
Supreme |
22-Nov-2018 07:36
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Now the price seem more reasonable, maybe time to buy?
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tonylim2
Veteran |
20-Nov-2018 20:01
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ipo 1.15 ? Die cockk standing .
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Stocky901
Supreme |
20-Nov-2018 19:56
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Below 20 soon. Better cut loss and run. Hopeless. | ||||
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tonylim2
Veteran |
20-Nov-2018 18:44
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Kuok famous for this kind of trades .
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investshare
Supreme |
20-Nov-2018 17:55
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Already warn you
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fatpanda
Supreme |
12-Sep-2018 15:42
Yells: "Another wonderful day!" |
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It sepends on individual investmant style. I already cut at huge loss, more than 50%. But one lesson learned, Have to think carefully before dealing with businessman. Ha... Ha...
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serious
Master |
12-Sep-2018 15:34
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Those who got it at IPO and are still holding  ?
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fatpanda
Supreme |
12-Sep-2018 15:28
Yells: "Another wonderful day!" |
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Yes. 
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serious
Master |
12-Sep-2018 15:26
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IPO at S$1.15  ???
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fatpanda
Supreme |
12-Sep-2018 15:07
Yells: "Another wonderful day!" |
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I remembered POSH IPO was issued around the peak of oil price in 2014. About 6 - 9 months before the oil price collapsed from S$100+. Very good timing. | ||||
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serious
Master |
12-Sep-2018 14:51
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Why som people can be so rich ? Because they can get many to buy  when they knew it was time to off load to them . | ||||
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fatpanda
Supreme |
12-Sep-2018 13:31
Yells: "Another wonderful day!" |
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Don' t forget who is the controlling share holder of this company, the businessman normally ask people to come up money. Look at the Ang Moh Donald Duck, or Trumpet.   
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